Interest Rates on Deposits and Loans in Belarus in 2016
The average interest rate on new retail loans in Belarusian rubles issued for more than 1 year was 18.4% in October 2016. It was 21.6% in October last year and 22.2% in January-december 2015. The information is available on the website of the National Bank of Belarus.
The average interest rate on new bank deposits in the national currency (more than 1 year) for individuals was 16.9% in October 2016 as against 28.6% in October 2015.
According to the National Bank, in January-october 2016 the dynamics of interest rates on the market of loans and deposits (for individuals) was as follows: